Business

Wage bill, other spending exceed subsidy savings — Oyedele

Wage bill, other spending exceed subsidy savings — Oyedele

…Govt saved N15.8trn from subsidy removal, naira floatation …FG got only N5.43trn, borrowed N11.85trn …No large pool of cash available to FG By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has clarified that the N15.8 trillion saved from fuel subsidy removal and the flotation of the naira between June 2023 and December […]
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Lekki, Ikoyi toll tariffs go up

Lekki, Ikoyi toll tariffs go up

Following extensive consultations held with stakeholders in the Eti-Osa/Lekki-Epe Expressway of Lagos State, the Lekki Concession Company Limited (LCC), has announced a review in toll tariffs at the Admiralty Circle Toll Plaza and the Lekki-Ikoyi Link Bridge Toll Plaza with effect from Thursday, February 1, 2018.

How my ministry is boosting tourism sector with religion  — T.B Joshua

How my ministry is boosting tourism sector with religion — T.B Joshua

Temitope Balogun Joshua is a renowned cleric and televangelist. Fondly called T.B, he is the General Overseer, The Synagogue Church of all Nations (SCOAN). In this chat, he speaks on the uniqueness of his miracle filled crusades, missionary activities and his ministry’s role in boosting tourism sector with religion. Excerpts.

Investors in cryptocurrencies are gamblers — Emefiele

Investors in cryptocurrencies are gamblers — Emefiele

Central Bank of Nigeria (CBN) yesterday said that it would  not render support to Nigerians investing in cryptocurrency, describing such investment has gambling. The Governor of the CBN, Mr. Godwin Emefiele stated this in Abuja during an interview with Bloomberg.

CBN’ll retain MPR at 14% to sustain dollar inflow — Ebo

CBN’ll retain MPR at 14% to sustain dollar inflow — Ebo

IN spite of the optimism expressed by the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele about the possibility of reduction in the Monetary Policy Rate (MPR) before July, Chief Executive of Afrinvest Securities Limited, Ayodeji Ebo says a rate cut will be unlikely as this would undermine foreign exchange inflow and stability in the foreign exchange market.